ShoreHaven Wealth Partners LLC Lowers Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

ShoreHaven Wealth Partners LLC cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 65.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,843 shares of the company’s stock after selling 7,333 shares during the quarter. ShoreHaven Wealth Partners LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in USMV. International Assets Investment Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $2,779,000. GAMMA Investing LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $134,000. Bfsg LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $134,000. Magnolia Capital Advisors LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 2.5% in the fourth quarter. Magnolia Capital Advisors LLC now owns 24,043 shares of the company’s stock worth $1,935,000 after purchasing an additional 590 shares in the last quarter. Finally, Jackson Hole Capital Partners LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 701.9% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 834 shares of the company’s stock worth $65,000 after purchasing an additional 730 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.6 %

Shares of USMV traded up $0.50 during mid-day trading on Friday, hitting $90.24. 2,781,406 shares of the company traded hands. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45. The company has a market capitalization of $26.44 billion, a PE ratio of 25.30 and a beta of 0.59. The business has a 50 day moving average of $85.75 and a 200 day moving average of $83.25.

About iShares MSCI USA Min Vol Factor ETF

The iShares MSCI USA Min Vol Factor ETF (USMV) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility (USD) index. The fund tracks an index of US-listed firms selected and weighted to create a low-volatility portfolio subject to various constraints. USMV was launched on Oct 18, 2011 and is managed by BlackRock.